Delta Technologies Nyrt. considers the decisions of the Magyar Nemzeti Bank (MNB) published today regarding the company to be unlawful and unacceptable, and therefore it is turning to court to have the MNB's decisions annulled.
Delta Technologies Plc. considers the findings of the Hungarian National Bank's decisions published today regarding the company and the measures taken on the basis of these decisions to be unfounded, Delta Technologies Plc. disputes, the Budapest Stock Exchange announced on its website.
The company will also ask the court to suspend the obligation to pay the fine.
In its decision published today, the Hungarian National Bank imposed a fine on Delta Technologies Plc (formerly EST MEDIA Vagyonkezelő Plc) for violation of the extraordinary disclosure requirements and illegal market manipulation. In another decision, the Central Bank imposed a supervisory fine on the company for, among other things, breaching the rules on the compilation of a list of insiders and the disclosure of inside information, which the company considers unlawful.
